Posts Double Digit Growth in Revenue, Earnings, and Order Rates
Second-Quarter 2018 Highlights:
- Revenue of $491 million, up 27 percent from the second quarter of 2017, including an 8 percent benefit associated with the new ASC 606 revenue recognition standard
- Operating income of $42 million, including an $8.5 million restructuring expense
- Total segment operating profit of $62 million, up 48 percent, including an 18 percent benefit from ASC 606
- Inbound orders of $530 million, ahead 27 percent
JBT - Quarterly Results